Napco Security Technologies (NASDAQ:NSSC) Sets New 1-Year Low – What’s Next?

Napco Security Technologies, Inc. (NASDAQ:NSSC)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $22.25 and last traded at $22.89, with a volume of 263895 shares trading hands. The stock had previously closed at $22.67.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. Needham & Company LLC decreased their price objective on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Craig Hallum cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research report on Tuesday, February 4th. Lake Street Capital cut their target price on Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Finally, Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Napco Security Technologies currently has a consensus rating of “Hold” and a consensus price target of $35.50.

Napco Security Technologies Price Performance

The company’s 50 day simple moving average is $26.39 and its 200 day simple moving average is $33.96. The firm has a market cap of $833.22 million, a price-to-earnings ratio of 17.61 and a beta of 1.59.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The company had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. During the same period in the prior year, the business earned $0.34 EPS. Napco Security Technologies’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, analysts forecast that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Wednesday, March 12th. Napco Security Technologies’s payout ratio is 38.46%.

Institutional Investors Weigh In On Napco Security Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Napco Security Technologies by 30.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 359,103 shares of the industrial products company’s stock worth $14,529,000 after buying an additional 83,871 shares during the last quarter. FMR LLC increased its stake in shares of Napco Security Technologies by 30.8% in the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock valued at $85,075,000 after purchasing an additional 494,988 shares during the period. BNP Paribas Financial Markets raised its stake in Napco Security Technologies by 5.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 120,595 shares of the industrial products company’s stock valued at $4,879,000 after acquiring an additional 6,394 shares in the last quarter. Glenmede Trust Co. NA increased its stake in Napco Security Technologies by 14.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,165 shares of the industrial products company’s stock valued at $371,000 after buying an additional 1,165 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Napco Security Technologies by 215.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,640 shares of the industrial products company’s stock valued at $795,000 after acquiring an additional 13,418 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.